5 Benefits Of Partnering With A Managed Service Provider

Whether you like it or not, businesses across the globe are experiencing uncertainty. Through this time of rising technological disruption, skill gaps, and market pressure, getting ahead in the rat race demands an agile, progressive, and collaborative approach. And if there is one trend that makes this possible, it would be the flexible contingent workforce.

The pandemic helped businesses discover the benefits of having a temporary workforce. And thanks to the rise of various freelancing and outsourcing solutions, this trend has grown exponentially over the recent years. Currently, flexible working arrangements are the new norm. According to a recent survey conducted by McKinsey, nearly 70 percent of business leaders are looking to hire more contingent workers than they did before.

Adjacent to this, we also witnessed a significant rise in Managed Service Programmes (MSPs) utilization. A recent market analysis conducted by Statista revealed that the global managed service market is projected to hit $296 billion by 2023—this is a 70 percent increase from the figures in 2018.

For a business with a large contingent workforce, making sure employees remain engaged and productive can be a make-or-break factor.

Third-party firm that takes on your responsibility of putting together a contingent workforce program Managed IT Services  gives you complete insights into your workforce by allowing you to tap into the latest recruitment tech and expertise. Through the process, you will also get to win a strategic partner.

So, what are the main benefits of working with a managed service provider?

Benefit 1 – Industry Knowledge and Expertise

The chances are that there is already someone in your organization who is managing all your IT needs, or you already have an IT team in place. While that is great, it is still just a single department in your organization. It comes with certain limitations and puts forward several potential problems.

For instance, your IT team might be more likely to ease into a specific way of doing things. While the method might be tried-and-true for your organization, it means you are ignoring the latest information and the opportunities that lie within.

On the other hand, an MSP brings onboard technology experts who possess diverse and up-to-date knowledge of technology. Additionally, your MSP will be experienced and knowledgeable across multiple sectors, having worked with other clients. This cross-sector intelligence will help you discover great swathes of the market, ensuring your talent pool is packed with candidates who can drive a positive change for your business.

Benefit 2 – Time, Resource, and Cost Efficiencies

By leveraging the help of an MSP with contingent workforce management, HR teams are left with more time on their hands. This makes it easier for them to focus their time and skills on activities that will significantly impact the business.

Furthermore, businesses that work with MSPs also report significant cost reductions.

The diversity of expertise offered by an MSP is something that a few departments within an organization can’t attain. A business can’t employ an expert in all relevant technology fields. By leveraging the services of an MSP, you only pay for what you use. The chances are that your MSP will offer you services at a fixed monthly fee.

Additionally, you might also get to tap into better-than-average technologies prices if your MSP is partnered with the vendor.

Benefit 3 – Guarantees With the SLA

You can be worry-free about the uncertainty surrounding crucial technology failures when you partner with an MSP. This is because all Manages Service Partnerships begin with a service-level agreement. The agreement essentially outlines how quickly a fault in your technology will be detected and restored to normal functioning order.

Service-level agreements can also be thought of as a contract. So, contract law does apply here as another layer of added assurance.

Benefit 4 – Take Care of Compliance

When you run an organization, you are bound by several standards and regulations pertaining to your technology use. These laws apply to all enterprises. There even exist unique standards and regulations that must be adhered to in specific industries.

Unlike your staff, an MSP will be more familiar with the technology compliance that applies to your organization and industry. After all, it is your MSP’s responsibility to ensure your technology aligns with the requirements.

Benefit 5 – Worry Less About HR Responsibilities

As stated earlier, organizations hiring their own team of tech experts comes with potential issues, of which the most important one is that it isn’t cost-effective—you have to be responsible for their annual leave, sick pay, and insurance cover.

An MSP helps you steer clear of all these responsibilities while enjoying the benefits of specialist technical expertise because it is inefficient to maintain in-house services.

The Bottom Line?

Partnering with a Managed Service Provider can mean a whole lot of benefits for your business, especially if your organization operates in a complex talent market. Currently, the way people wish to work is changing. By leveraging an MSP solution, you can ensure you have the required knowledge, technology, and industry expertise to help your business succeed—even if the odds are against it.